[Congressional Record Volume 172, Number 8 (Monday, January 12, 2026)]
[Senate]
[Pages S138-S139]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4176. Ms. CANTWELL submitted an amendment intended to be proposed 
by her to the bill H.R. 6938, making consolidated appropriations for 
the fiscal year ending September 30, 2026, and for other purposes; 
which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. INTEREST ON FUNDS PROVIDED TO FEDERAL 
                   COMMUNICATIONS COMMISSION AND DEPARTMENT OF 
                   COMMERCE.

       (a) In General.--The Secretary of the Treasury may not 
     charge interest on funds borrowed by the Federal 
     Communications Commission (in this section referred to as the 
     ``Commission'') or the Secretary of Commerce under subsection 
     (c) or (d), respectively, of section 5404 of the 
     Servicemember Quality of Life Improvement and National 
     Defense Authorization Act for Fiscal Year 2025 (in this 
     section referred to as the ``Fiscal Year 2025 NDAA'') (Public 
     Law 118-159; 138 Stat. 2450).
       (b) Return of Interest.--Any interest described in 
     subsection (a) collected by the Secretary of the Treasury--
       (1) from the Commission before the date of enactment of 
     this Act shall be returned to the Commission for use by the 
     Commission for the purpose described in, and consistent with, 
     section 5404(c) of the Fiscal Year 2025 NDAA, as though such 
     interest had not been paid to the Secretary of Treasury; or

[[Page S139]]

       (2) from the Secretary of Commerce before the date of 
     enactment of this Act shall be returned to the Secretary of 
     Commerce for use by the Secretary of Commerce for the purpose 
     described in, and consistent with, section 5404(d) of the 
     Fiscal Year 2025 NDAA, as though such interest had not been 
     paid to the Secretary of Treasury.
       (c) Unpaid Interest.--The obligation of the Commission or 
     the Secretary of Commerce to pay any unpaid interest that has 
     accrued on the funds described in subsection (a) is 
     terminated.
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